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Bamboo sustainability could be biggest draw; regulations pose a hurdle

THE BAMBOO industry is well-positioned to become an alternative building material with a growing niche because of its sustainability, and very little capital and time needed for farmers who intend to grow the crop, a former agriculture department official said.

Taal Volcano agricultural damage exceeds P3 billion, led by fisheries

CROP DAMAGE due to Taal’s eruption was estimated at P3.17 billion a week after the volcano started emitting ash, with the fisheries sector accounting for more than half of the total, the Department of Agriculture (DA) said.

Damage from Taal hits P3 billion; fisheries most affected

DAMAGE from the eruption of Taal Volcano has reached P3 billion, with the fishery sector suffering the most devastation, the Agriculture department said on Friday.

Palay farmgate prices slightly higher in late December

THE average farmgate price of palay, or unmilled rice, rose 0.1% week-on-week in the third week of December to P15.66 per kilogram (kg), the Philippine Statistics Authority (PSA) said.

Singapore firm ties up with JFC to boost coffee brand

THE Philippine operator of California-based Coffee Bean & Tea Leaf (CBTL) has partnered with Singaporean firm Southern Capital the details of which have yet to be disclosed by the partners.

Poultry prices expected to remain stable following Taal ashfall

POULTRY PRICES are expected to remain stable amid calamity conditions just south of Metro Manila, with a full eruption of Taal Volcano in Batangas still not ruled out.

Palay farmgate price rises 0.1% in mid-December

THE average farmgate price of palay, or unmilled rice, rose 0.1% week-on-week in the second week of December to P15.64 per kilogram (kg), the Philippine Statistics Authority (PSA) said.

More than P500M worth of crops and livestock damaged by Taal...

TAAL VOLCANO’S eruption has damaged more than P500 million worth of crops and livestock, the Department of Agriculture said on Tuesday.

Taal not yet significantly affecting agriculture, Dar says

AGRICULTURE Secretary William D. Dar said that the ongoing eruption of Taal volcano is not expected to have a significant effect on the performance of the agriculture sector in 2020.

QC keeps watch on small meat retailers over ASF virus

THE QUEZON City government is keeping an eye on small meat retailers since they are more at risk of selling African Swine Fever (ASF)-tainted meats. “The meat supply chain is not just the supermarkets.

Developers expected to sustain double-digit pre-sales growth this year

PHILIPPINE developers are expected to sustain double-digit growth in pre-sales and profit this year, according to the research arm of Morgan Stanley.

Palay procurement funding in 2020 estimated at P53 billion

THE Department of Agriculture (DA) said various agencies are expected to spend about P53 billion this year to purchase palay, or unmilled rice, in order to prop up farmgate prices and help farmers recover from sharp price drops last year.

USDA upgrades PHL 2020 pork output estimate

THE United States Department of Agriculture (USDA) is projecting a 10% decrease in the Philippines pork production for 2020 due to the impact of African Swine Fever (ASF), though it upgraded a previous estimate made in October due to effective disease-containment measures.

Soybean industry targeted for improved production, logistics — DoST

THE Department of Science and Technology (DoST) said it hopes to increase the income of soybean farmers through improved production and more efficient supply chains.

Rice inventory up 14% in early Dec. amid surge in NFA...

THE national rice inventory was estimated at 3.098 million metric tons (MT) as of Dec. 1, up 14% from a year earlier, the Philippine Statistics Authority (PSA) said.

PHL has policy space to address challenges — Diokno

THE Philippines has enough monetary and fiscal policy space to deal with the economic challenges it faces, central bank Governor Benjamin E. Diokno said in his first speech of the year.

Global Ferronickel says Cagdianao ore reserves at 43.3M wet metric tons

GLOBAL Ferronickel Holdings, Inc. (GFNI) said that its expansion project for its Cagdianao mine site has an estimated ore reserves of 43.3 million wet metric tons (WMT) as of October 2019.

Planters on SRA board seek ‘clarification’ on sugar import plan

SUGAR PLANTERS and millers on the Sugar Regulatory Administration (SRA) board said they were not consulted after the agency’s administrator signaled his willingness to allow food processors to import sugar should domestic prices prove uncompetitive.

DA removes post-Fukushima requirements on Japanese produce

THE Department of Agriculture (DA) said it removed the radiation analysis requirement on selected Japanese commodities for import to the Philippines.

Angkas seeks TRO versus new entrants JoyRide, Move It

ANGKAS is seeking a 72-hour temporary restraining order (TRO) against the implementation of a policy allowing the inclusion of JoyRide and Move It in the extended pilot program for motorcycle taxis and imposing a limit on the number of bikers.

Philippine nickel output seen growing at about 8% a year

NICKEL production is expected to increase by over 8% a year in the next few years despite policy uncertainty that could limit project development, Fitch Solutions Macro Research said in a report.

Palay farmgate price resumes upward trend in early December

THE AVERAGE farmgate price of palay, or unmilled rice, resumed its upward path in the first week of December, rising 0.4% to P15.62 per kilogram (kg), the Philippine Statistics Authority (PSA) said.

Manila troops to help evacuate Filipinos in Iraq

By Charmaine A. Tadalan, Vincent Mariel P. Galang and Vann Marlo M. Villegas, Reporters THE Philippines will send troops to help evacuate Filipinos from Iraq, where...

PHL, France discuss expanding agricultural cooperation

THE Philippines and France have met to discuss programs to improve agricultural cooperation and trade, the Department of Agriculture (DA) said.

SRA to allow sugar imports to replace US sugar

THE Sugar Regulatory Administration (SRA) said it approved an Export Replenishment Program that will allow exporters to import the same volume as they shipped out to the US in order to close the domestic sugar supply gap.

Stocks recover on Duterte’s offer to water firms

STOCKS recovered on Tuesday amid favorable developments in the local scene, and investors shrugging off the December 2019 inflation data, which was the fastest since June 2019.

Forced evacuation of Filipinos in Iraq sought

THE country’s special envoy to the Middle East has recommended the forced evacuation of Filipino workers in Iraq amid escalating tensions between the United States and Iran.

Main stock index seen to hit 8,700 to 8,800 this year

PHILSTOCKS Financial, Inc. is seeing the main index finishing the year within the 8,700 to 8,800 level, backed by growth of company earnings and complemented by economic growth despite uncertainties in the local and international fronts.

Cemex rights offer shares priced at P1.54

CEMEX Holdings Philippines, Inc. has set the price for its stock rights offering (SRO) of about 8 billion common shares at P1.54 per common share.

Abra Mining elects new president

ABRA MINING and Industrial Corp. has named a new president and chairman, marking changes in the listed mining company at the start of the new year.

Local shares decline on geopolitical tensions

SHARES failed to sustain their gains on Monday as geopolitical issues caused investors to be more cautious.

DA sees RCEF boosting palay output after missing 2019 goal

THE Department of Agriculture (DA) has set its production target for palay, or unmilled rice, at 19.6 million metric tons (MT) for 2020, with production receiving a boost from seed distribution backed by the Rice Competitiveness Enhancement Fund (RCEF).

DENR sets January ECC hearing for Cebu quarry

THE Department of Environment and Natural Resources (DENR) is set to conduct a public hearing for the Environmental Compliance Certificate (ECC) application of Cebu-based mining firm Citadel Mining Corp. (CMC) for its mine site in Danao City.

Bidders invited for fish port rehab consulting services

THE Philippine Fisheries Development Authority (PFDA) is inviting bidders to offer consulting services for the rehabilitation of the Lucena City fishport, as well as the construction of fish ports in Davao and Iloilo.

DA confirms ASF in QC supermarket meat display

THE Department of Agriculture (DA) said Friday it has confirmed a case of African Swine Fever (ASF) in a Quezon City meat dealer’s produce chiller.

DA authorizes red onion imports until Feb.

THE Department of Agriculture (DA) said it issued import clearances for red onions to address the inadequate domestic supply.

POGOs to remain demand driver of Metro Manila offices

METRO MANILA’S office space is expected to grow by 5% this year, with Makati City accounting for most of the supply, a property consultant said, while pointing to demand as continuing to be driven by offshore gaming operators.

Palay farmgate price resumes fall after brief gains

THE AVERAGE farmgate price of palay, or unmilled rice, declined 0.1% week-on-week to P15.55 per kilogram (kg) in the fifth week of November, breaking a two-week run of gains, the Philippine Statistics Authority (PSA) said.

Sugar production falls over 27% as of early Dec.

THE Sugar Regulatory Administration (SRA) said sugar production as of the first week of December fell 27.48% year-on-year.

ALI targets REIT offering this year

AYALA LAND, Inc. (ALI) said that it is still pushing through with its real estate investment trust (REIT) offering this year.

Wela Online looking to expand market, products

MINDANAO-BASED tech-startup Wela Online Corp. is eyeing to expand its market and diversify its products by 2021.

Poultry imports rise amid ASF; oversupply seen

IMPORTS of day-old chicks (DOC) -- the key raw material for the poultry industry -- rose 8% year-on-year in the nine months to September, the Department of Agriculture (DA) said.

Shares to climb on budget’s signing, trade deal

LOCAL SHARES are seen to move upwards on the first trading day and week of 2020 as investors expect the signing of the national budget for this year and positive developments in the US-China trade war.

Typhoon death toll rises to 28, agri damage over P600M

THE DEATH toll from typhoon Ursula (international name: Phanfone) has risen to 28 as authorities continue to take stock of the devastation in central areas of the Philippines.

Tiu’s ANI eyes JV with BuCor for Palawan property

AgriNurture, Inc. (ANI) is seeking to forge a joint venture with the Bureau of Corrections (BuCor) to develop the latter’s 2,000 hectare property in Palawan into an agri-tourism corn plantation.